News Page 1253 / 1347
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- March 17 2016
Ping An’s profit jumps 38% in 2015
The Chinese insurer made a net profit of US$8.3 billion in 2015, its highest earnings result since 2003.
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- March 17 2016
US approves Anbang’s acquisition of Fidelity & Guaranty
The US$1.57bn deal will make Anbang one of the biggest insurers by market share in fixed-indexed annuity products.
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- March 17 2016
Four global reinsurers receive initial approval in India
Munich Re, Hannover Re, Swiss Re and French major SCOR still require final approvals from the Indian regulator.
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- March 16 2016
Life coverage in Malaysia insufficient, says industry group
Penetration may be high, but majority of the covered population is under-insured according to LIAM.
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- March 16 2016
Anbang leads US$13bn group bidding for Starwood Hotels
The Chinese insurer continues overseas buying spree, but Starwood says it is committed to deal with Marriott.
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- March 16 2016
Cathay Life to raise overseas investments this year
Amid a persistent low-yield environment, the Taiwanese insurer continues to search for higher returns abroad.
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- March 15 2016
China majors allocate US$240bn for overseas property deals
The increased allocation comes at a time when a growing number of insurers are expanding overseas.
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- March 15 2016
Myanmar poised to grant licences to European firms
Euro insurers will be allowed into a special economic zone after operating in Myanmar for at least three years.
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- March 15 2016
Prudential, AIA hit by China’s HK sales restriction
China's central bank has tightened restrictions on insurance purchases by mainlanders in Hong Kong.
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- March 15 2016
Taiwan to restrict health insurance for overseas citizens
A proposed amendment seeks to restrict access for Taiwanese who live abroad for more than six months.
